Eth2 Ranks Third-Largest Network By Staked Capitalization
Eth2 Ranks Third-Largest Network By Staked Capitalization
February 4, 2021
Eth2 Ranks Third-Largest Network By Staked Capitalization
Eth2 Ranks Third-Largest Network By Staked Capitalization
February 4, 2021

Eth2 has ranked the third-largest network by staked capitalization, as the price gains enjoyed by Ether for hitting record highs.

It has been reported that Ether pushed into new record price highs above $1,480 on February 2, with ETH testing $1,550 after gaining 12% in 24 hours.

However, with nearly 2.5 million ETH locked up, Eth2’s staked capitalization equals $3.6 billion. The price gains propelled Eth2 past Avalanche’s $3.4 billion in staked assets, with Avalanche’s staked capitalization representing 69.5% of the Avalanche’s supply.

The report said that Polkadot is currently the largest crypto asset on the measure, with 60% of its supply locked representing $10.8 billion, and followed by Cardano with 71% of its supply staked to total nearly $9.5 billion.

It has been analyzed that deposits to Eth2 have continued to grow steadily since its beacon chain genesis in early December.

During January, nearly one million additional Ether was locked up for staking, while the total number of Eth2 validators increased by 55% from 49,200 to 76,200.

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Thus, since the start of the year, Ether has gained 70% over Bitcoin in the ETH/BTC markets, with ETH currently within 5% of testing its local high at 0.045 BTC from January 25, which was Ether’s highest level relative to BTC since August 2018.

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.